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Date set for 2016 Autumn Statement

Date set for 2016 Autumn Statement

The 2016 Autumn Statement will be delivered on 23 November.

The first to come from Chancellor of the Exchequer Phillip Hammond, the Autumn Statement is an important one for freelancers and contractors – particularly with regards to the proposed IR35 reforms in the public sector.

According to a short press release from the Treasury, the 2016 Autumn Statement ‘is based on the latest forecasts from the Office for Budget Responsibility for the economy and public finances’.

The Government has also issued a guide on how to submit a Budget or Autumn Statement representation. This is a ‘written representation from an interest group, individual or representative body to HM Treasury with the aim of commenting on government policy and/or suggesting new policy for inclusion in the upcoming Budget or Autumn Statement’.

Among the topics covered in the guide to representations is revenue implications for the Exchequer, and wider macroeconomic implications (for economic stability and growth). These implications could be around sectoral impacts, and the proposed IR35 reforms in the public sector certainly fall under such a bracket.

The Association of Independent Professionals and the Self Employed (IPSE) recently encouraged those likely to be effected by the proposed reforms to contact their MPs.

Andy Chamberlain, deputy director of policy at IPSE, said at the time: “We need to leave this Government in no doubt of how damaging the reform will be.”

IPSE also outlined some key things to address in a letter to an MP regarding the proposed reforms. These include how the proposed change will affect your business, how will it affect the projects you work on, what steps you will take if the proposal is implemented, and how you will be denied employment rights, despite paying employment taxes.